Sep 21 2016 | India Opportunities

TPREL acquires Welspun Renewables

Tata Power Renewable Energy Ltd (TPREL), a 100% subsidiary of Tata Power, has completed acquisition of 100% shareholding in Welspun Renewables Energy Pvt Ltd (WREPL) and its subsidiaries. This is one of the largest transactions in the renewable energy space in India. WREPL has one of the largest operating solar portfolios in India spread across ten states. It has about 1,141 MW of Renewable Power Projects comprising of about 990 MW Solar Power Projects and about 150 MW of Wind Power Projects. Out of 1,141 MW renewable portfolios, over 1,000 MW of capacity is operational and balance capacity is under advanced stages of implementation.